tiered cash‑back rates

How Do Cash-Back Credit Cards Work? — Photo by Vitaly Gariev on Pexels

Hidden Tiered Rates vs Unlocking Cash-Back With Credit Cards

What Is the Real Cash-Back Question? Yes, many credit-card users miss out on promised cash-back because hidden tiered rates lower the effective return on large purchases. Costco’s executive membership adds a 2% cash-back boost on top of the 2% cash-back some cards already give, effectively raising rewards to 4%